RBI Purpose Code

What is the purpose code specified by RBI for Payment to a foreign entity towards resale of Software in India.

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Quick Summary
This discussion seeks to identify the specific RBI purpose code required when making payments to a foreign entity for the resale of software within India. Participants are encouraged to share their knowledge and provide a direct answer to help clarify this important regulatory detail for cross-border transactions.

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Reply if you have some answer, don't just play games by putting same reply on each post.

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